30 March 2015 2015 02:55 AM GMT

USTDA Provides Feasibility Study Grant for 300-MW Vietnam Wind Project

The US Trade and Development Agency has awarded a grant for a feasibility study to the Cong Ly Construction-Trade-Tourism Company Ltd. for a planned 300-megawatt wind power project in Vietnam.

The undisclosed grant amount will assist Cong Ly Ltd. to develop a third phase of the Bac Lieu Wind Farm. “USTDA is pleased to support the increase of renewable energy production in Vietnam through the expansion of the Bac Lieu Wind Farm,” said Sarah Randolph, Country Manager for Southeast Asia, who signed the grant on behalf of the agency.  “This grant represents the next step in a series of successful partnerships with Vietnam’s wind power sector.”

Commercial operation for Phase I of the Bac Lieu Wind Farm, which uses 10 sets of wind turbines from General Electric that generate approximately 16 MW of power, commenced in August 2013.  For Phase III, the feasibility study will assist Cong Ly Ltd. in expanding this wind farm through the examination of the technical challenges that arise from an offshore location.

The study will include a wind resource and energy assessment, a review of permitting and land control issues, an electrical grid interconnection and foundation design, construction cost estimates, and a financing plan.

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

August 12th 2019
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

August 14th 2019
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

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